Size $1 – 50 MM 

Financing terms up to 22 years- up to 2 years interest only followed by a 20 year amortization 

Fixed Interest rates (not to exceed 7.5%)

Available in 30+ states

Available for ground-up developments and value-add rehab of existing buildings

Strictly property-based financing and requires no personal or corporate guarantees or covenants

No dollar amount cap, but approximately 15% - 20%  of  construction hard costs

Funds paid out of escrow by “construction completion percentage” of project

Requires intercreditor agreement with construction lender 

Applies to all types of commercial real estate (Core: office, retail, industrial, multi-family, senior living, hospitality, healthcare, etc.; Special Uses: cold storage, student housing, theatres, auto dealerships, wineries, etc.)

Debt assumable to new property owner if sold

Spans broad spectrum of property ownership from non-profit and for profit, and small single commercial building enterprises to very large commercial property owners

Repaid semi-annually or annually in arrears commencing in month 12.

Miscellaneous fees to Lender / Servicer: approximately 2% (included in project budget)

Wedgewood Fee: TBD